Case registered against Chairman SECP for tampering record

An FIR was registered on Monday, upon the directives of the Supreme Court, against Security and Exchange Commission of Pakistan (SECP) Chairman Zafar Hijazi for tampering with official records.

The Panamagate JIT had previously complained to the top court that SECP had allegedly tampered with the record, apparently to favour the Sharif family who owns Chaudhry Sugar Mills.

Justice Aijazul Ahsan expressed that SECP chairman initially denied the allegations regarding record tampering and then said he was not aware of the tampering.

Federal Investigation Authority (FIA) had endorsed allegations leveled by Panamagate JIT's head Wajid Zia and found SECP chairman Zafari Hijazi guilty of tampering with record of Sharif family's companies.

The court was briefed with the misstatement that is tantamount to impeding the justice.

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Hijazi was booked in a case following the Supreme Court's order in the Panama Papers implementation case for allegedly tampering with the financial record of the Sharif's companies.

It found chairman Hijazi guilty of record tampering and recommended criminal action against him and two of his subordinates - Ali Azeem and Maheen Fatima - under Section 466, 472, PPC read with 5 (2) Prevention of Corruption Act (PCA) 1947.

On Friday, the SECP commission held its first bi-weekly meeting since the arrival of the probe team. Soon after the JIT report and lodging of the case, the SECP Chairman went into hiding.

In his reply, Hijazi has identified Mahmood as being responsible for the affairs of the relevant department, adding: "The SECP chairman is not supposed to examine each and every file, nor is any such exercise practically possible".

He was appointed by President Barack Obama after previously serving as the Democratic attorney general of Ohio. PHH Corporation challenged a $109 million penalty levied against it over an alleged kickback scheme.

He said JIT has been partial and controversial since the first day. "What is the reason for JIT to do so", he asked. He said JIT has been investigating partially and creating a case against Sharif family.

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